Minnesota
SARA Investment Picks Up Twin Cities Retail
Stan Johnson Company (SJC) completed the sale of Penn American Retail Center, a 58,531-square-foot strip shopping center in the Twin… Read more
Apartment Turnover Rate Continues to Fall; Lowest in Two Decades
New research by Los Angeles-based CBRE shows multifamily turnover, the percentage of total rented units not renewed each year, fell… Read more
RSM Will Expand and Upgrade Minneapolis Offices
RSM US LLP, which provides audit and tax services to middle-market businesses, plans to expand and renovate its offices at… Read more
Broadshore Furnishes Mezz Loan Toward Conversion of Historic Rand Tower
Broadshore Capital Partners closed a $23-million mezzanine loan to Maven Real Estate Partners for the redevelopment of the Art Deco… Read more
Banyan Picks Up Trio of Madison Hotel Properties
Banyan Investment Group completed the $50-million acquisition of a three-hotel portfolio in Madison, WI. The company will also operate the… Read more
Riverfront Apartments Will Rise in St. Paul O-Zone
Stoneleigh Companies LLC has acquired 10.71 acres of land for the construction of the 242-unit Waterford Bay Apartments in a St. Paul, MN Qualified… Read more
CommonGrounds Workplace Expands to Portland’s Pearl District
CommonGrounds Workplace is coming to downtown Portland at Irving Street Lofts. The national enterprise-grade Workplace-as-a-Service (WaaS) and co-working operator is… Read more
Seattle, Louisville, Indianapolis Rank Highest for Most Profitable Businesses
By Zoe Stutman Starting a business is no easy feat; in fact, it can be quite daunting juggling a host… Read more
U.S. Office Vacancy Decreased in Q2 2019
The latest research from Los Angeles-based CBRE shows show the U.S. office vacancy rate decreased during Q2 2019, by 10… Read more
Campbell Mithun Tower Sells in Minneapolis
Lingerfelt CommonWealth Partners has acquired 222 S. Ninth St., a 42-story office tower in downtown Minneapolis, for a reported $81 million.… Read more
Minnesota Hotel Deal First to Use PACE Funding in O-Zone
PACE Equity recently completed funding $4.3 million for EKN Development Group’s construction of a new Hyatt House hotel in Rochester, MN. It’s reportedly… Read more
Advocate Aurora’s $228M Hospital Plan Wins Key Approval
The planning commission for Mt. Pleasant, WI—also the future home of Foxconn’s $10-billion LCD factory—has unanimously approved Advocate Aurora Health’s… Read more
Liberty Property’s Driscoll Will Oversee Midwest Portfolio
Neal Driscoll, VP and market officer for Liberty Property Trust in Illinois and Minnesota, has been tapped to oversee the… Read more
Fast-Growing Mail Sorting Business Expands to 203K SF
Minneapolis-based United Business Mail (UBM) has signed a 203,000-square-foot, full-facility lease at 801 Bryn Mawr in Itasca, IL, representing a nearly… Read more
Logistics Property Co. Unveils Kenosha Park
Logistics Property Company (LPC) has unveiled 94 Logistics Park in Kenosha, WI, reportedly the largest logistics real estate development in… Read more
United Properties, Four Seasons Partner on Mixed-Use Tower in Minneapolis
Four Seasons Hotels and Resorts and developer United Properties have unveiled plans for Four Seasons Hotel and Private Residences Minneapolis, expected… Read more
Nominate a Rising Star for Our 2019 Next Generation Awards
Connect Media’s second annual Next Generation Awards in 2018 shone the spotlight on some of commercial real estate’s most talented… Read more
CBRE’s Boich Will Head Twin Cities Property Management
CBRE’s John Boich has been promoted to managing director of property management for the Minneapolis market. Boich (pictured) joined CBRE in… Read more
LMC Launches Fourth Twin Cities Apartment Project
LMC, the multifamily development arm of homebuilder Lennar, has launched construction at Odin, a luxury mixed-use apartment community in the emerging… Read more